Hedge Funds

UBS' Sherry to depart

by

Bob Sherry, one of the top executives at UBS Hedge Fund Prime Services Group, will depart the firm before the end of the year. Sherry and his team at ABN AMRO were part of the acquisition by UBS last year. He was CEO of ABN AMRO group before the merger. An internal e-mail sent to staff earlier this week said that Sherry will not be moving to another firm yet, but instead plans to stay "gainfully unemployed into the spring." Sherry was part of the original Furman Selz team that was bought by ING and later sold to ABN